Investors who are still interested in Apple as part of a technology allocation can consider a diversified market-cap weighted ETF that includes AAPL as the top holding.

Burrows points out five ETFs with AAPL as the top holding at over 10% of the funds’ weighting. Each tech ETF provide investors with a low-cost and diversified exposure to Apple:

iShares U.S. Technology ETF (NYSEArca: IYW): Apple is 16.3%. IYW also includes double-digit allocations in Microsoft (NasdaqGS: MSFT) and Google (NasdaqGS: GOOG). However, both Microsoft and Google have weighed on the sector after disappointing second quarter results.

Vanguard Information Technology ETF (NYSEArca: VGT): Apple is 13.6%. VGT is a little more diversified than IYW as AAPL is the only holding with a double-digit allocation. International Business Machines (NYSE: IBM) is the second largest holding at a less than 8%.

Technology Select Sector SPDR Fund (NYSEArca: XLK): Apple is 13.6%. XLK is the largest tech sector-specific ETF. MSFT, GOOG and IBM are also among the fund’s top holding.

iShares Global Tech ETF (NYSEArca: IXN): Apple is 12.2%. Along with MSFT, GOOG and IBM, this global tech ETF also includes Apple’s top rival Samsung with a weighting of 4.3%.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.